ELIZABETH, N.J. — Continental Terminals, the largest handler of specialty coffee in the U.S., has leased a 158,735-square-foot distribution facility in Elizabeth. The facility is located at 535 Dowd Ave. The company plans to use the space for distribution of import commodities. The space features 6,080 square feet of office space, 10 interior loading docks with levelers and one drive-in door. The property is located one mile from New Jersey ports and Exit 13A on the New Jersey Turnpike. Andrew Grabis and Marc Policarpo of Binswanger represented the landlord, Seagis Property Group, in the transaction.
Industrial
AUSTIN — HID Global has plans to construct a $35 million, 200,000-square-foot operations center in Austin, which will serve as the company's manufacturing and distribution headquarters. HID Global worked closely with the Austin Chamber of Commerce, State of Texas and Travis County to bring the project to fruition. The City of Austin approved a 10-year grant estimated at $920,576, Travis County approved $745,000 in tax incentives and the State of Texas approved HID Global for a $1.9 million Texas Enterprise Fund grant.
MAULDIN, S.C. — Siemens Industry Inc., a maker of mechanical and electrical drive equipment, plans a new 45,600-square-foot assembly and manufacturing facility in Mauldin. The industrial property will place the company’s products closer to machine builders and manufacturers in the Southeast. “The announcement of this plant adds to Siemens’ ability to be a single-source provider of integrated drive train solutions for the industry,” says Doug Keith, president of Siemens Drive Technologies Division.
FORT WAYNE, IND. — Hays & Sons Construction has signed a lease for 3,116 square feet of industrial space at 3819 Superior Ridge Drive in Fort Wayne. John Caffray of NAI Harding Dahm represented the landlord, F&J Enterprises, in the transaction.
HOUSTON — Houston-based Standard Equipment Co. has selected Satterfield & Pontikes Construction to build four industrial properties totaling 185,000 square feet at its corporate headquarters complex in northwest Houston. Standard Equipment awarded Satterfield & Pontikes the $13 million project, which will include a 54,000-square-foot flex building and three crane-served industrial buildings.
MCDONOUGH, FAIRBURN AND BRASELTON, GA. — An affiliate of USAA Real Estate Co. has acquired a three-building, 2.8 million-square-foot industrial portfolio in metro Atlanta. The Class A bulk distribution warehouses are fully occupied by Home Depot USA Inc., Owens Corning Insulating Systems LLC and PETCO Animal Supplies Stores Inc. Home Depot’s 1.2 million-square-foot distribution center is in McDonough, Owens Corning’s 1 million-square-foot distribution center is in Fairburn and PETCO’s 506,200-square-foot distribution center is in Braselton. “The Atlanta industrial portfolio offers a unique opportunity to acquire three premier quality distribution facilities within a core inland port market,” says Pat Duncan, chairman and CEO of USAA Real Estate Co. The buildings benefit from their proximity to the Port of Savannah.
DURHAM, N.C. — Crown Realty & Development has sold a 182,160-square-foot industrial property at 4400 Emperor Blvd. in Durham to Pizzagalli Properties for $11.5 million. The Class A facility is fully leased and situated on approximately 14.32 acres within the Imperial Center Business Park in Durham’s Research Triangle Park/I-40 submarket. Christopher Norvell, James Allaire and Catharine Spangler of Cushman & Wakefield/Thalhimer represented Crown Realty & Development in the transaction.
MIAMI — Ameriworld Enterprises Inc., which provides furnished offices, warehouse space and back-office support services to foreign companies and their subsidiaries looking to expand into the United States, has signed a 124,000-square-foot industrial lease at 3325 N.W. 70th Ave. in Miami’s Airport West submarket. The company is expanding and relocating from its previous 65,000-square-foot space in Opa-Locka, Fla. Steven Medwin and Nick Wigoda of Jones Lang LaSalle represented Prologis, the landlord, in the transaction. Mike Waite and Jim Armstrong of Easton & Associates represented Ameriworld Enterprises Inc.
CRANBURY, N.J. — Matrix Development Group has sold 102 Melrich Road, a 103,350-square-foot distribution facility in Cranbury. In conjunction with the sale, Tris Pharma, a pharmaceutical company, has leased the property from the new owner. The single-story property is situated on eight acres, and is less than two miles from the Exit 8A interchange of the New Jersey Turnpike. The property was constructed in 1977 and expanded in 1987. David Zimmel of Zimmel and Associates represented the buyer in the transaction.
DURHAM, N.C. — Research Tri-Center North VI, located at 2223 N.E. Creek Pkwy. in Durham, has traded for $24 million. The Silverman Group sold the 422,000-square-foot Class A industrial property to Sentinel Data Centers. It is fully leased and located within the 2.4 million-square-foot Research Tri-Center industrial park, the largest industrial park in the Raleigh-Durham region. Christopher Norvell and Scot Humphrey of Cushman & Wakefield/Thalhimer represented The Silverman Group. Their colleague, James Allaire, represented Sentinel Data Centers.